Jamaica: Selected Issues

International Monetary Fund

No 1999/002, IMF Staff Country Reports from International Monetary Fund

Abstract: This Selected Issues paper presents an overview of financial system developments in Jamaica. The financial system experienced substantial growth over 1989–95 as a result of the liberalization of financial markets and the reduction in government involvement in the industry through the privatization of banks. The paper highlights that banks that had been acquired by the government in the 1970s were sold back to the private sector. This paper also reviews developments in monetary policy in Jamaica, and the role of the public sector.

Keywords: ISCR; CR; foreign currency; private sector; fiscal year; monetary policy; financial system; central bank; exchange rate; capital base; Open market operations; Commercial banks; Currencies; Reserve requirements; Public sector; Caribbean (search for similar items in EconPapers)
Pages: 112
Date: 1999-02-18
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